Latham & Watkins Advises Opendoor on Unique Distribution of Tradable Warrants to Stockholders

Opendoor Technologies Inc. (Nasdaq: OPEN) has announced the distribution of warrants to purchase the company’s common stock to its registered stockholders and certain convertible noteholders. Each stockholder of record as of November 18, 2025, received three series of warrants — Series K, Series A, and Series Z — one warrant of each series for every 30 shares of the company’s common stock held. The warrants are designed to align with shareholder-focused initiatives of the company and trade on The Nasdaq Stock Market under the tickers OPENW (Series K), OPENL (Series A), and OPENZ (Series Z).

Latham & Watkins LLP represented Opendoor in the transaction with a team led by partners Ross McAloon and Haim Zaltzman, with counsel Christopher Yu and associates Rachel Staub, Tony Noh, and Adam Zhang.